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GBPUSD TECHS

Key Support Still Exposed

EURUSD TECHS

Consolidating Ahead Of Its 50-day EMA

EUROSTOXX50 TECHS

Attention Is On The 4000 Handle

BTP TECHS

(M1) Testing Key Support

GILT TECHS

(M1) Downtrend Remains Intact

SCHATZ TECHS

(M1) Bearish Theme

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  • WTI crude futures continue to oscillate either side of the 50-dma ($60.29 for the continuation contract) in a relatively more muted session so far for oil markets. The quieter markets come despite reports in the Middle East that an Iranian-flagged carrier came under attack in the Red Sea - a relevant point ahead of key discussion in Vienna between the EU, Iran and US.
  • Weekly DoE crude oil inventories take focus going forward, with markets expecting the figures to have shown a 1.6mln bbl draw in reserves over the most recent week of data.
  • In precious metals markets, both gold and silver are in very minor negative territory despite some further weakness in the US dollar so far Wednesday. Persistent equity strength may be weighing, with the e-mini S&P holding just below this week's all time highs printed at 4,076.00.